AI Cost Estimation
AI Project Scheduling
AI Risk Assessment & Mitigation
AI Labor Estimation
Work Breakdown Structure
Design for Manufacturing (DFM)
Should Cost Analysis
Price to Win (PtW)
Total Cost of Ownership
Design to Cost
RFI, RFP, RFQ
Mastering Cost Risk with the CRED Model: A New Approach to Managing Uncertainty
Supply chain disruptions that began with the pandemic have since collided with global conflict, economic instability, and a surge of technological change. Interest rates climbed, project costs soared, and AI moved from the edge to the center of strategic planning. What was once a temporary shock has become the new baseline, as outlined in Galorath’s 2025 State of the Industry report.
“Project-based industries are not just under pressure; they are in a state of ongoing recalibration. Static assumptions, bloated contingencies, and disconnected teams no longer hold. Although leadership teams often voice strong confidence in their project estimates, cost engineers and frontline teams raise serious concerns. They point to siloed information, incompatible systems, and outdated toolsets as persistent barriers to accuracy,” Galorath says.
To continue reading, please visit the original article.
Images courtesy of Supply & Demand Chain Executive
Share this:
Connect with Media Relations
Please email Walt & Co. for interview or information requests.
